Knife River Corporation's stock surged 10.19% during intraday trading on Tuesday, following the release of its fourth-quarter and full-year 2025 financial results.
The construction materials company reported Q4 earnings of $0.56 per diluted share, significantly exceeding the FactSet consensus estimate of $0.40. Revenue for the quarter reached $755.1 million, beating analyst expectations of $726 million. Additionally, adjusted EBITDA for Q4 was $119.4 million, a 47% increase year-over-year and above the IBES estimate of $107.1 million.
Management attributed the strong performance to favorable weather conditions that extended construction seasons, strategic acquisitions completed in 2025, and increased pricing. The company also provided 2026 revenue guidance in the range of $3.30 billion to $3.50 billion, surpassing the FactSet consensus estimate of $3.29 billion, and issued an adjusted EBITDA outlook of $520 million to $560 million for the coming year.